First American Financial Corporation (FAF)
NYSE: FAF · Real-Time Price · USD
67.01
-1.19 (-1.74%)
Nov 6, 2026, 4:00 PM EST - Market closed
First American Financial Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 732.5 | 621.8 | 131.1 | 216.8 | 263 | 1,241 |
Depreciation & Amortization | 218.8 | 216.2 | 207.4 | 188.5 | 167.5 | 158.4 |
Gain (Loss) on Sale of Investments | -73.1 | -66.1 | 398.6 | 215 | 534.6 | -388.9 |
Stock-Based Compensation | 60.5 | 68.4 | 52 | 49.1 | 67.3 | 53.6 |
Change in Accounts Receivable | -11.6 | -57.4 | 126.2 | -159.1 | 82.7 | -48.2 |
Change in Accounts Payable | 18.7 | 74.8 | 45.9 | -51.9 | -265.9 | 115 |
Change in Unearned Revenue | 5 | 3.3 | 13.7 | -0.1 | -27.9 | -47.1 |
Change in Income Taxes | 96.3 | 149.6 | 35.2 | -60.8 | -130 | 53 |
Change in Insurance Reserves / Liabilities | -384.1 | -358.4 | -397.8 | -381.8 | -434.3 | -482.3 |
Other Operating Activities | 315.9 | 305.8 | 292.6 | 344 | 531.6 | 572.2 |
Operating Cash Flow | 969.5 | 950.8 | 897.5 | 354.3 | 777.6 | 1,220 |
Operating Cash Flow Growth | 7.00% | 5.94% | 153.32% | -54.44% | -36.26% | 12.43% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -163.7 | -188.3 | -218.3 | -263.4 | -259.8 | -160.5 |
Sale of Property, Plant & Equipment | - | 0.6 | 0.6 | 0.1 | 6.8 | 17.8 |
Cash Acquisitions | -0.3 | -2.5 | -16.4 | -24.7 | -277.5 | -186.8 |
Investment in Securities | -2,168 | -972.4 | -178.6 | 1,098 | 14.1 | -3,257 |
Other Investing Activities | -24.6 | 2.8 | 4 | 2.2 | 3 | 10 |
Investing Cash Flow | -2,116 | -1,456 | -458.7 | 599.5 | -393 | -3,393 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 44,062 | 28,408 | 13,384 | 15,533 | 24,602 |
Long-Term Debt Issued | - | - | 444 | - | - | 641.9 |
Total Debt Issued | 54,253 | 44,062 | 28,852 | 13,384 | 15,533 | 25,244 |
Total Debt Repaid | -54,528 | -43,804 | -28,622 | -13,453 | -15,702 | -24,599 |
Net Debt Issued (Repaid) | -275.4 | 258.1 | 230.3 | -69.2 | -169.6 | 644.6 |
Repurchases of Common Stock | -55.5 | -122.3 | -68.5 | -72.7 | -440.7 | -99.2 |
Common Dividends Paid | -168.3 | -223 | -220.7 | -216.6 | -217.5 | -213 |
Other Financing Activities | 465.7 | 248.4 | -2,251 | 1,782 | 451.4 | 1,794 |
Financing Cash Flow | -33.5 | 161.2 | -2,309 | 1,423 | -376.4 | 2,126 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -0.1 | 13.1 | -16.6 | 4.9 | -12.7 | -0.4 |
Net Cash Flow | -1,180 | -330.8 | -1,887 | 2,382 | -4.5 | -47.5 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 805.8 | 762.5 | 679.2 | 90.9 | 517.8 | 1,059 |
Free Cash Flow Growth | 14.43% | 12.26% | 647.19% | -82.45% | -51.12% | 9.10% |
Free Cash Flow Margin | 9.96% | 10.23% | 11.08% | 1.51% | 6.81% | 11.49% |
Free Cash Flow Per Share | 7.80 | 7.35 | 6.51 | 0.87 | 4.83 | 9.51 |
Levered Free Cash Flow | 1,169 | 557.88 | -2,064 | 1,450 | 518.86 | 3,333 |
Unlevered Free Cash Flow | 1,280 | 656 | -1,970 | 1,533 | 576.99 | 3,379 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 173.7 | 151.9 | 150.6 | 124.2 | 86.5 | 63.5 |
Cash Income Tax Paid | 130.6 | 51.5 | -1.5 | 120 | 188.9 | 339.7 |
Change in Working Capital | -275.7 | -188.1 | -176.8 | -653.7 | -775.4 | -409.6 |